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Real Estate Market Update for March 2019 - Stockton CA

Stockton CA:
The number of newly listed homes for sale in Stockton CA fell in March.  There was as light drop to 482 newly listed homes.  The trend that really jumped out the most last month were the number of home that went pending, or under contract.  343 Homes went pending in March, which is quite a spike vs the previous month of 256 homes.

Given the large amount of home that went pending and the lack of number of homes that went on the market, the amount of inventory DECREASED.   Inventory decreased to 1.8 months on homes for sale in Stockton, favoring a sellers market again.

The days on market trend in declining.  The days on market represents ALL homes for sale in Stockton.  Currently, the amount of days it takes on average for a home to go pending is 50.  This number is different in various price points of the market.  For example, homes priced above $400,0000 take on average 63 days to go pending.  Whereas homes under $300,000 take less at 50 days.

If you are looking for more information about your specific homes value or the area you live, don't hesitate to reach out to David McKeever.  Call or text 209.483.6523.  David was named Best Realtor in the Best of San Joaquin Award in 2017 and 2018.

How to Make Your Home Look and Feel BIGGER!

In today's blog post we talk about 4 TIPS to make your home appear bigger both in photos and in person when a prospective home buyers see it. It's all about LIGHTING.

Tip #1. Clean Your Windows
Prior to taking the photos or showing the home, have the inside and outside of your windows CLEANED.  This should include taking off and cleaning the screens.  You will be surprised how much more light shines through once the windows are fully cleaned, especially after the wet winter months.

Tip #2. Have Matching Bulbs

There are many choices when it comes to light bulbs.  It's important that all the bulbs in your light fixtures match one another.  Our favorite hue when selecting bulbs is a SOFT WHITE.

Tip #3. Replace Bad Bulbs

If there are missing or burnt out light bulbs it can have a negative effect on a home buyers perception of your home in many ways.  One, it make the home feel small and dark.  #2 It can give the impression that your home is not well maintained.  The can think, if you are to lazy to replace a bulb, what other things in the home are you not taking care of. Make sure all your light bulbs are in and working well.

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Tip #4 Use the Maximum Wattage 

An easy one.  Use the maximum wattage that each light fixture allows.  If a fixture allows up to a 100 watt bulb, maximize it using a 100 watt bulb.  Don't use a 40w bulb in it.  This will help with the rooms brightness and overall fell we are trying to accomplish.

Schedule a call with David 
 

Free consultation with David on how to maximize the sales price of your Stockton CA home.

 

Real Estate Market Update for February 2019 - Stockton CA

Stockton CA:
The activity of the February 2019 Stockton Housing market was positive sign versus the lackluster months of December and January.  The BIG takeaway from February's Stockton housing trends was the spike in the amount of pending home sales.  Pending homes sale spike to 299 vs just 216 the month before.


The the lower amount of new listings and the spike in pending sales, Stockton's Month of inventory fell sharply again down to 1.7 months.  This indicator creates a sellers market once again, a reversal of the trend we have been seeing over the past months of 2018.

 

The sale price to list price ratio in Stockton CA maintained its good ratio at 96%.  While the days on market increase yet again.  The increased days on market could be due to the winter months slow down.



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